Is this a type of Order?

Discussion in 'Trading' started by user8324, Aug 12, 2011.

  1. user8324



    I am wondering if it this trade is possible to in ToS.

    Essentially, I want to buy stock at 100 and once the stock hits $101.50 I want a trailing stop to be created at $101.00. Is it possible to set this trailing order up at the same time I place the buy order for 100? I do not want to have to wait for the stock to rise up to $101.50 to create this trailing stop. I use ToS.